![]() Further, these prices will change with the market and operation. They are not an expectation of what the producer will receive at the sale barn, nor an accurate reflection of the producer's actual production costs. ![]() Then, given the price of calves, feed, and the futures market, producers can make economically sustainable decisions for their operations.Īuthor’s Note: The prices in this article are for demonstration purposes. Fed cows are selling actively at steady prices with good cows from 122.00-158.00 with a top price of 194.00 cwt. The bottom line is that the producer needs to evaluate their current situation. Feed price protection can be accomplished by making the feed purchase, forward purchase contracts, or using Call Options for some grain products. The prices below are statewide average prices compiled to show the overall price trend and do not represent prices for any specific market/region within a state. Price protection tools, like Put Options and Livestock Risk Protection (LRP) insurance, can help producers protect themselves from declines in the feeder cattle market. Feeder Steer Prices for the week ending 7/14/23. If the cost of gain increases to $1.50 per pound, feeding until May increases the feed costs to $630 and the breakeven price to $1,720.If the March Feeder Cattle price drops to $170/cwt, the final price for the steer becomes $1,360.Consider the following changes to our examples: For illustration purposes, consider a ration that results in an average daily gain of 2 pounds on 500-pound steers, with a cost of gain of $0.90 per pound.įactors affecting the estimates and decisions include grain and forage prices, seasonal trends, and livestock market changes. Using actual cost-of-gain numbers is essential in the decision-making process. The calculation of these costs further aids the decision-making process.ĭetermine your ration to make these decisions. That was on top of Mays record high 8.08 per pound. Once the feed availability evaluation and the feeder calf's potential income are determined, the cost of gain needs to be calculated. Monthly retail Choice beef prices climbed to a record high of 8.13 per pound in June. Weekly price range of 600-700 lb feeder steers across the state of North Dakota. The October 17 Feeder Calf report listed 474-pound Medium-Large 1 Steers sold for an average price of $234.28/cwt, calculating an $1110 value per steer. North Dakota Weekly Cattle Auction Summary Stockmens Livestock Exchange West Fargo Feeder Cattle Auction Weekly Ranges. At the time of this article, the March contract is trading near $180/cwt, and the May contract is near $188/cwt. The November Feeder Cattle futures contract for calves is steady, with upward tendencies, and remains throughout Spring 2023. Livestock Prices: Livestock prices: : : Wholesale Prices: Wholesale prices: : : High Plains Cattle Feeding Simulator: High plains cattle feeding simulator: : : Heifers Entering the Herd: Heifers entering the herd: : : Feeder Cattle Supplies Outside Feedlots: Feeder cattle. The supply and demand issue is something producers need to consider. Cattle-on-feed inventories show many lightweight calves going to feed. The SDSU Extension Forage Inventory and Demand Calculator can help determine how many tons of feed are needed to maintain the cattle herd.Īnother consideration is the drought situation. Things to Considerįeed inventories and requirements are one of the first considerations. Selling or feeding because that is 'what we always do' is not an economically sustainable situation. These decisions include options to sell calves at weaning, wean them and hold them for 45 days, background until spring, or retain ownership until the calf reaches yearling or fed cattle weights.Įvaluate these decisions from a business perspective, given the current feed costs and feeder cattle market. Fall brings many weaning and selling time decisions. Loose Horses.Feeder calf sale numbers are ramping up across South Dakota. Utility & Commercial Cows.$0.80 to $1.27 per lbĬanner & Cutter Cows.$0.30 to $0.50 per lb *Please note that Market Report values are an overall average price range and are not necessarily the lowest and highest sale prices.Īugust 2nd, 2023 Shipshewana Auction Livestock Market Reportīeef Type Heifers.$1.20 to $2.00 per lbĤ39 Sheep, Butcher Lambs.$1.50 to $2.10 per lb Shipshewana Auction Livestock Current Market Report Read our current market report weekly by joining the Shipshewana IN Livestock Sale Facebook Group or by signing up for our Weekly Livestock Report email and select "Livestock Auction" when you subscribe.
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